Among the major automotive manufacturers, Tesla is the only one to realize a year-over-year growth in vehicle deliveries from March 2021 to February 2022, seeing a near doubling in sales. Other companies struggled to maintain level sales this year compared to last, with the only company seeing a less than 10 percent decline being Kia.
Tesla delivered 23,050 vehicles in March 2021, according to data from TrueCar. The electric automaker saw a 93.2 percent growth in February 2022 compared to last March, delivering 42,742 vehicles last month. Tesla was an anomaly in this category when compared to other major automakers. From BMW to Ford, to GM and Stellantis, every major automotive company suffered substantial losses in deliveries year-over-year.
The automaker to suffer the most substantial loss was Volkswagen, which saw a 44.3 percent decline in automotive sales from March 2021 to February 2022. Other considerable losses came from Nissan (-41.3%), Honda, (-30.6%), Subaru and Ford (-27.6%), and BMW (-23.9%).
Credit: TrueCar
The realized gains in Tesla’s sales figures could be attributed to a more favorable consumer sentiment regarding electric vehicles over the past year, which has been led due to the company’s nearly-unanimous recognition as the leader in EVs. Additionally, Tesla was one of the only major automakers to combat the semiconductor and chip shortage with relative ease. While the company did experience delays in production last year due to parts shortages and other supply chain issues, it was widely successful in maneuvering the issues, getting cars to customers frequently.
In terms of quarterly year-over-year comparisons, Tesla was one of two automakers to see positive gains from Q1 2022 compared to Q1 2021. Tesla sold 127,432 vehicles in Q1 2022, with only 69,300 in Q1 2021, which represents an 83.9 percent growth. Hyundai saw a 0.9 percent increase, delivering 176,920 vehicles in Q1 2022, with 175,352 cars in Q1 2021.
As an industry, TrueCar expects total new vehicle industry sales to reach 1,246,993 units in March 2022, down 25 percent from a year ago and up 5 percent from February 2022.
TrueCar also offered additional industry insights:
- Total sales for March 2022 are expected to be down 25% from a year ago and up 5% from February 2022 when adjusted for the same number of selling days.
- Fleet sales for March 2022 are expected to be down 30% from a year ago and up 31% from February 2022 when adjusted for the same number of selling days.
- Incentive spend is down 54% from last year.
- Average transaction price is projected to be up 15% from a year ago and down 1% from February 2022.
- Total SAAR is expected to be down 23% from a year ago at 13.6 million units.
- Used vehicle sales for March 2022 are expected to reach 3.6 million, down 13% from a year ago and up 11% from February 2022.
- The average interest rate on new vehicles is 4.6% and the average interest rate on used vehicles is 8%.
- The average loan term on a new vehicle for March 2022 is 70 months and the average loan term on a used vehicle is about 71 months.
- Quarterly average transaction price is projected to be up 16% from a year ago and up 3.5% from Q4 2021.
- Quarterly incentive spend is down 51% from Q1 2021
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Elon Musk
Elon Musk to file lawsuit against former US Rep Jamaal Bowman: “I’ve had enough”
Bowman called the Tesla CEO a “Nazi” and a “thief” during a segment on CNN.

Elon Musk has announced that he is filing a lawsuit against former United States Representative Jamaal Bowman over his recent comments in a CNN segment.
Musk shared his legal intentions in a post on social media platform X.
Bowman’s Comments
During an appearance on CNN, Bowman, who made news in 2023 by triggering a fire alarm while Congress was in session, strongly criticized Elon Musk. Unlike other Musk critics, Bowman went straight for the jugular, calling the CEO a “Nazi” and a “thief.” Bowman’s comments received polarizing reactions in social media, with some users stating that such words could be used to sue for defamation.
“The American people do not trust Elon Musk. And Elon Musk is incompetent in his position. And how do we know? Because they fired tens of thousands of people, it was challenged in court, the court said people have to go back, and now the people are coming back. He’s incompetent, he’s a thief, he’s a Nazi, and people don’t trust him,” Bowman said.
“I’ve Had Enough”
In a comment to a video of Bowman’s CNN segment that was shared on X, Musk stated that the former Democratic Congressman’s words have crossed a line. “I’ve had enough. Lawsuit inbound,” Musk wrote in a post on X. Musk’s post received some support from X users, several of whom noted that it’s high time the CEO fought back against the vitriol that is consistently thrown his way.
Musk has been on the receiving end of protests from critics who oppose his work with U.S. President Donald Trump and the Department of Government Efficiency (DOGE). Opposition against Musk has spilled over to Tesla, resulting in stores being shot, firebombed by Molotov cocktails, vandalized, and vehicles and Superchargers being subjected to arson. Even regular Tesla owners have reported a growing wave of vandalism incidents.
News
Tesla aiming to produce first “legion” of Optimus robots this 2025
Tesla is aiming to start the production of Optimus this year, and its first run will be no joke.

Tesla’s Q1 2025 All-Hands meeting saw CEO Elon Musk share a key update about the company’s most ambitious product yet — Optimus. As per Musk, Tesla is aiming to start the production of Optimus this year, and its first run will be no joke.
Tesla Optimus’ Quick Evolution
Tesla initially announced Optimus during its AI Day event in 2021. At the time, Tesla only had a mockup of the robot and a literal person in a suit to demonstrate what Optimus could look like. By 2022, Tesla had a working prototype of the robot. Optimus’ progress has been rapid since then, with several dozens of the humanoid robots interacting with attendees at the Cybercab’s unveiling last October.
Optimus’ Potential
During the recent All-Hands meeting, Elon Musk reiterated the idea that Optimus could very well be the biggest product of all time, likely being ten times larger than the next-biggest product. Musk also shared an update about Optimus’ production, stating that the first humanoid robot has been manufactured at the Fremont Factory.
A Legion for 2025
When discussing Optimus’ ramp, Musk clarified that Tesla is internally aiming for enough parts to produce 10,000 to 12,000 Optimus robots this year. However, since Optimus is a completely different product, even half of 10,000 units would be a huge victory for Tesla. Tesla also plans to ramp Optimus to a notable degree in 2026, with the company aiming for 50,000 units, or 10 “legions” of humanoid robots, next year.
“So this year, we hopefully will be able to make about 5,000 Optimus robots. We’re technically aiming for enough parts to make 10,000, maybe 12,000, but since it’s a totally new product with a totally new, like everything is totally new, I’ll say we’re succeeding if we get to half go the 10,000.
“But even 5,000 robots, that’s the size of a Roman legion, FYI, which is like a little scary thought. Like a whole legion of robots, I’ll be like ‘whoa.’ But I think we will literally build a legion, at least one legion of robots this year, and then probably 10 legions next year. I think it’s kind of a cool unit, you know? Units of legion. So probably 50,000-ish next year,” Musk said.
Tesla’s Q1 2025 All-Hands Meeting can be viewed below.
News
Tesla Shanghai Megafactory starts exporting Megapacks, first to Australia
Tesla Asia celebrated the Shanghai Megafactory’s first Megapack exports on X.

Tesla has begun exporting Megapack battery systems from its Shanghai Megafactory, with the first shipment departing for Australia on Friday. This marks a key step in Tesla Energy’s expansion into the global energy storage industry, utilizing its new China-based Megafactory to supply several new markets.
Tesla Asia celebrated the Shanghai Megafactory’s first Megapack exports through its official social media account on X.
Tesla Megapacks in Focus
The Tesla Megapack is capable of storing 3.9 MWh of energy, and they are designed for grid use. As per Tesla in its official website, each Megapack battery has enough energy to power an average of 3,600 homes for one hour. The Megapack is designed to be infinitely scalable as well, making it a good fit for large-scale sustainable energy projects.
The Shanghai Megafactory
The Shanghai Megafactory began production in early 2025, a record eight months after its May 2024 groundbreaking. With an initial output of 10,000 units annually, equal to about 40 GWh, the Shanghai Megafactory has the potential to significantly boost Tesla’s battery storage deployments.
As per a report from Xinhua News Agency, Tesla is expecting its energy deployments to rise 50% year-over-year this 2025.
Tesla Leaders on the Shanghai Megafactory
Mike Snyder, vice president of energy and charging at Tesla, previously outlined the potential of the Shanghai Megafactory. “Megafactory gives us the ability to scale production and efficiency. We can lower logistics costs as well as product costs, and grow the business to new markets,” he stated.
The Shanghai Megafactory also seems to be part of Tesla’s efforts to grow its presence in China, which was highlighted by CEO Elon Musk during a meeting with Chinese Premier Li Qiang. During their meeting, Musk reportedly stated that “Tesla is willing to deepen cooperation with China and achieve more win-win results.”
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